Cryptocurrencies
Bitcoin Is on Course for Its Biggest Weekly Gain Since March
- Coin drops below $22,000 in step with slump US equtites
- Crypto market cap retakes $1 trillion amid rebound from slump
Photographer: Angel Garcia/Bloomberg
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Bitcoin is on course for its best weekly gain since March, helped by a return of risk appetite in global markets more broadly.
The largest cryptocurrency by market capitalization was up more than 10% for the week so far as of 10:18 a.m. New York time on Friday. It gave up some gains after briefly trading above $22,000, in step with the slump in US equities. The coin is now trading flat at about $21,700.